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1305 Union Plaza Court, Oce...

The Classical Academies Acquires Office In Oceanside For $12M
SOLDOffice

The Classical Academies Acquires Office In Oceanside For $12M

1305 Union Plaza Court, Oceanside, California 92054, United States

$12,000,000

$120/SF

Building Size

100,000 SF

Asset Type

Office

Closing

Jul 12, 2022

AI

The office property located at 1305 Union Plaza Court in Oceanside has been sold. The transaction took place on July 13, 2022, and the property consists of approximately 6.0 acres. The sale was facilitated by Peter Curry, Jason Kimmel, and Tim Winslow from Cushman & Wakefield, representing the seller, Sunrise Capital LLC. The buyer, The Classical Academies, was represented by Jon Walters and Jim Benson from Kidder Mathews.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $12,000,000
  • Address: 1305 Union Plaza Court, Oceanside
  • Market: Oceanside
  • Square Footage: 100,000
  • Price per Square Foot: $120

The sale price for the property was $12,000,000, with a total area of 100,000 square feet and a price per square foot of $120. This transaction signifies a significant investment in the office market in Oceanside. The Classical Academies, a renowned educational institution, has acquired this property from Sunrise Capital LLC through the representation of Jon Walters and Jim Benson from Kidder Mathews.

Players

Peter Curry

Cushman & Wakefield

Broker

$186.1M

vol

17 deals

Broker

Oceanside Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93